The influence of Bitcoin (BTC) cannot be understated. So far it is down eight percent week over week but stable in the last day. Encouragingly though, our bullish stand is still valid. On the other hand, we shall quickly shift to bearish should IOTA, Litecoin and EOS prices break below key support lines confirming the trend resumption phase of that bear break out pattern which came in force after the second week of June.

Bitcoin (BTC) Technical Analysis

News Highlights

UK customers can now buy Bitcoins using the Sterling Pound (GBP). By doing so, CoinBase customers in the UK will get a reprieve from the $12 SEPA fees-when they fund their account via the Euro. Besides they will get access to the UK’s Faster Payment System ensuring same day deposit and withdrawals. Hopefully, this will spur crypto adoption in the UK, the fifth largest economy in the world.

Starting today, Coinbase customers in the UK will be able to seamlessly move GBP in and out of their accounts using the Faster Payments service. In most cases, this will mean almost instant access to funds. 🇬🇧https://t.co/67DMjc6y89

After Cameron and Tyler Winklevoss backed Bitcoin Exchange Traded Fund (ETF) was rejected by the Securities and Exchange Commission (SEC), one of the regulator’s commissioners- Hester Peirce- dissented the decision saying there was no need of disapproving the ETF. In her argument, she insisted that the ETF was in full compliance with the SEC’s actions and that the SEC based their decision based on potential manipulation of Bitcoin price, an area the SEC had “no jurisdiction to deliberate.”

Andrew Yang, the US Presidential Candidate vying through the Democratic Party accepts crypto donations. On July 24 he posted a tweet saying he will be accepting Bitcoin, Ethereum, and other ERC-20 based tokens.

Technical Analysis

Regardless of the past few day losses, our Bitcoin sell conditions are yet to be met. As a matter of fact, our overall Bitcoin (BTC) trade plan is on course and valid.

From previous Bitcoin (BTC) technical analysis, we had projected Bitcoin (BTC) prices to find support anywhere between $6,800 and $7,200, key support lines. So, since we are out of this trade after our stops at $7,800 were hit, I suggest staying put and buying on dips anywhere inside our buy zone.

Safe stops should be below $7,800 with targets at $8,500, $10,000 and later $12,000 as per our previous Bitcoin (BTC) trade plan.

Ethereum (ETH) Technical Analysis

News Highlights

Alphapoint powered DCEX exchange based in San Francisco is yet another cryptocurrency exchange that is availing trading pairs with XRP as base. At the moment, traders can choose from 15 listed cryptocurrencies including Ethereum. Even though operations are yet to begin and we don’t know the launching date, account registration is ongoing.

Samurai & J Partners Co. Ltd is another Tokyo Stock Exchange-listed Japanese company that offer special crypto loan programs accepting Ethereum, Bitcoin, and Bitcoin Cash as collateral. With the new arrangement, crypto holders can borrow a maximum of $2.7 million per year and pay interest ranging from seven percent to 15 percent.

Safety is paramount and Binance being one of the largest centralized crypto exchange takes that seriously. To boost fund security, Binance announces their acquisition of Trust Wallet. Trust Wallet is open source, decentralized and used to store ETH and related tokens.

Technical Analysis

Like Bitcoin, Ethereum (ETH) is down 13 percent in the last week and trading near the main support line at $400 after breaking from inside the intra-range wedge on July 31.

Because of these downturns, our last Ethereum (ETH) trade plan is still solid and for official shorts, prices need to close below $400.

By doing so, traders would be free to short ETH on pullbacks knowing that the retest phase is complete after $550 retests mid last month.

Afterward, my recommendation would be to sell on highs with targets at 2018 lows at $350 and later $150.

EOS Technical Analysis

News Highlights

Poloniex, which is owned by Goldman Sachs backed Circle, has announced support for EOS with withdrawal and deposits possible. Even though this is exciting news, the exchange said they won’t be supporting any EOS air drops or deposits of any ERC-20 tokens.

Technical Analysis

Our EOS trade plan is pretty straightforward and for simple reasons. From previous EOS price analysis, we note that EOS is ranging and trading within a tight $2 range with limits at $9 and $7.

Following the last few days slump, EOS is down 20 percent for the week and could close below $7, triggering sell traders.

If that happens with remarkably high volumes then we could sync in with the trend resumption phase of a bear break out pattern set rolling after the close of June 22 bear bar.

In that case, I recommend selling on every retest of $7 with stops at $8 and first bear targets at $4-2018 lows.

Litecoin (LTC) Technical Analysis

News Highlights

Mati Greenspan, a Market Analyst at eToro says there is a big Litecoin (LTC) undervaluation. Points out the coin’s high average daily trading volumes and daily active users.

com, which rebranded from Monaco, is the latest exchange to support Litecoin. Once their MCO Visa Card supports Litecoin, users would freely spend their Litecoins.

Charlie Lee is the advisor of HTC Exodus, the first smartphone that’s compatible with cryptocurrencies. Exodus will natively support Litecoin and allow for Lightning Network (LN) transactions from within it secure wallet.

Met the HTC Exodus team last week and was really excited to hear the phone will support LTC and Lightning Network on Litecoin natively! I will be an advisor as I see having a secure crypto phone that makes LN simple is needed for mass adoption.

Technical Analysis

The depreciation is gradual but with every lower low, LTC edges closer to $70, our main support line.

Referring to previous Litecoin (LTC) technical analysis, we notice that despite these price swirls, LTC prices are trading inside of a consolidation with upper and lower limits at $90 and $70 respectively.

Until market participants meet our trade conditions, I suggest staying neutral. We shall keep in mind that any close below $70 would be supportive of June 10 bears and traders would capitalize on that, selling with first targets at $50 with stops just above the break out candlestick.

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Despite our bullish assertions, odds are we might see confirmations of last week bears especially if key support lines fail to hold. For Bitcoin (BTC)-as an influential and most valuable coin, $6,000 is a vital support line. That’s our trading

What’s important is that Bitcoin (BTC) is trading above $8,000 and June highs. If BTC adds to their gains and cue in with last week’s trend, then we might see Ethereum, XRP and Bitcoin Cash following suit. Remember, most of

Encouragingly, trade volumes are back signaling an easing, risk off environment where traders are willing to execute at market rates. It might be because Bitcoin (BTC) is trading above $8,000 for the first time in two months easing investors who